How does VAT work in South Africa?

0:24 What is VAT?
1:56 Two Classifications of VAT
2:30 When do you register for VAT?
2:39 Compulsory VAT Registration
3:11 Voluntary VAT Registration
3:44 What happens if you fail to register for VAT?
4:07 What are the benefits of being VAT registered?
5:20 How do I register for VAT?
5:52 What do I need to do once registered for VAT?
7:54 How to get VAT Refunds?

[@tshepo2japhta28]

thanks

[@funkyrimo]

This is great! Thanks for sharing!

[@theaccountingvillage7705]

Glad you enjoyed it! Please subscribe and check out more amazing content :)

[@derrickmnene4346]

Thank you for the info ;I see I should be in touch with you soon...

[@isabeljiyana]

😢 tjooo now I’m even more scared to register for Vat , after listening to your video … you literally went into dept

[@MnqobiSibanda]

Very insightful 👏🏽

[@Nqobizitha_Mkh]

Hello, thanks for sharing I have a question, do companies register as vat vendors pay corporate or small business tax

[@tebza321]

very insightful. how far back (in years) can you claim for input VAT incurred prior to being registered for VAT?

[@glizzy697]

😂😂

[@LungileMayindi]

Great video and very informative

[@mamaribequeen5569]

Good Day Thanks for your explanation. Let say I registered for VAT and the first two months of doing return I dnt make sales but I've got monthly expenses is SARS going to change me? If so why would they charge me and how much will it be and how is it calculated? Thank you. 🤝

[@sibusisonyathi1590]

Can a consume4 claim back that vat